Details About Fake White Papers Explained #002

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Hello crypto friends,

It is another beautiful opportunity to come before you all today to discuss on another issue of great importance in the cryptospace.

I believe you are all doing perfectly fine and are enjoying your activities in the community.

In one of our discussions, we learnt about fake white papers, although we were not able to conclude our discussion.

We discussed about the tactics being used by fake white papers that makes it look original and we shall learn more about their tactics.

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OTHER TACTICS USED BY FAKE WHITE PAPER

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There are numerous tactics used by the brain behind the creation of fake white papers, which makes them appealing to the public, and some of these tactics are:

• ANONYMITY/ FAKE ATTRIBUTION:

The authors/designers of fake white papers often ensure that they keep their identity anonymous.

This implies that the public do not get to know the main author of the white paper and this makes it very difficult for their identity/credentials to be verified.

And another reason they maintain anonymity of identity is that they often attribute their work to reputable users in the space or a reputable organization.

By making use of reputable individuals, they tend to attract more investors whose trust this reputable individuals have gained.

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• APPEAL TO EMOTIONS AND BIASES:

Another effective tactics being used by fake white paper is the appeal to emotions.

Most times, these white papers contains information that exploit emotional triggers.

It promises things that appeal to the public that it cannot fulfil, and this compells the public to invest in such project.

• SOCIAL PROOF AND ENDORSEMENT:

Another effective tactics used by the authors of fake white papers is what is understood by social proof of endorsement.

Social proof of endorsement can be explained to be the act of having proof of endorsement from other individuals and big investors.

In reality, these proofs are being forged and are not real but making use it attract other investors.

The use of social proof of endorsement gives others the idea that the white paper is a popular one and it's being endorsed by big investors in the space.

• LIMITED PEER REVIEW:

One formats used by fake white papers is limited/no peer review.

By doing such, fake white papers makes it easier to by-pass very important verification process when joining the project.

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CONCLUSION

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It is quite difficult to differentiate between a fake and an original white paper.

However, with details research one will be able to detect the loophole in these fake white papers and then avoid them.

In our next meeting, we shall learn more about this type of white papers.